Tag Archive: 12000

First off, I apologize for disappearing for a few weeks. I have been extremely busy and haven’t had much time to follow the stock market, let alone write an article about it. But now that I am back and I am happy to announce that yesterday, the Dow Jones finally went over the 12,000 mark like I had originally predicted several months ago. The picture above is what was shown yesterday. The Dow Jones is thankfully doing a lot better today. Although it didn’t rally today, it added onto the huge 3% rally from yesterday.

The Dow Jones currently sits at 12,231. It’s up almost 600 points since I last reported on October 14th. This is great news because it is a sign that the economy is doing better. We haven’t seen the 12,000 figure for months. The last time it was doing well, we were heading towards the 13,000 mark and currently that’s our goal. Our current objective is to stay over the 12,000 mark as we head to 13k.

The NASDAQ is also doing better than when I last reported. Although it dropped just under 1.5 points, it is still doing great. Currently the NASDAQ is at 2,737. The S&P is also up, currently at 1,285, heading towards the 1,300 mark itself. And finally, the NYSE is at 7,803, almost a 500 point increase from October 14th.

The past two weeks have been great for the stock market. I do regret missing out on most of it but what can you do, life happens.

Before my small break, I was keeping an eye on Netflix. Two days ago, Netflix (NFLX) stocks dropped over 35% after they reported losing over 800,000 subscribers due to their company changes. That’s a huge drop. It hit a new low that day of $74.25 per share. Over the past two days, it has been recovering, but very slowly. Currently Netflix stocks cost $84.14 a share. It’s very surprising to see what was once a $300 stock to lose this much in this little time. Netflix has no one else to blame but itself for this.

So what’s happened to gold over the past 2 weeks?

It seems that Gold has been prospering too. I thought the price of gold would keep going down as the economy improved and the stock market went up, but it seems that gold has been riding along. Gold now costs $1,743 an ounce, compared to $1,680. It’s not a huge increase but an increase nonetheless.

Quite a bit has happened in my absence, I have tried to follow as much as I could but my schedule made it difficult. I am sorry for not bringing you more updates sooner. I will try to bring you as many updates as possible in the near future. Today is the end of the week and next week, the market will open into Halloween. Lets hope the issues in Europe continue to get better and the stock market’s momentum from this week moves over to the next. We could definitely use a big break as we head towards the Holidays.

So how was your two weeks? Are you happy with how the stock market has turned out in its rallies? Where do you think we will go from here?